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Crude prices retreat after sharp rally

Both Brent and WTI erased early gains on news that upcoming Opec+ meeting may be called off


HOPES of deeper and longer output cuts ahead of a meeting by the mighty oil cartel and its allies sent crude into a tizzy but the "come-what-may" rally could taper off if experts are right in predicting that the rise has been too much, too fast.

In Asia's mid-day session...

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